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HCL Tech Q1 first cut …Dollar Rvenue and EBIT margin below expectation

 

·         Q1 Net profit Rs3205cr (down 5.8% QoQ) – expectation Rs3400cr

·         Dollar term revenue at $2720mn (up 0.9% QoQ) – expectation $2767mn

·         EBIT margin at 19.6% vs 16.6% (QoQ)- expectation Rs20.9%

·         EBIT Rs3934cr (up 20%b QoQ) – expectation Rs4300cr

·         Revenue Rs20068cr (up 2% QoQ) – expectation Rs20400cr

 
SEBI Investigating Some Adani Group Firms, Minister Says

·         Market regulator SEBI is investigating some Adani Group companies with regard to compliance with rules, Pankaj Chaudhary, minister of state for finance, says in a written reply to a lawmaker’s questions.

·         The Directorate of Revenue Intelligence is also investigating certain entities belonging to the Adani Group under laws administered by it, according to the minister.

·         Holding of Foreign Portfolio Investors in six publicly-traded Adani companies is based on day to day trading of shares and thus dynamic, the minister says.
Dow Falls over 700 Points, Oil Drops as Delta Variant Sends Investors Into Bonds…10-Year Bond fell to 5-month low



· U.S. stocks, oil prices and government bond yields slid Monday amid anxiety that the spread of the Delta coronavirus variant would hold back the global economy. Dow Jones slipped 775 points (down 2.3%) and Nasdaq declined 1.7%. US 10-Year bond shed 11bps to 5-month low at 1.17%.

· European shares sank 3% on Monday, and were on track for their worst session in nine months because of worries that the fast-spreading Delta coronavirus variant could slow the global economic recovery.

· Gold edged marginally lower at $1812/ounce, extending its retreat from a one-month high, as the dollar and Treasuries rallied amid a deterioration in risk sentiment across markets.

· Brent Crude fell below the key $70 level (down 5%) for the first time in more than a month as OPEC and its allies agreed to raise output, and as the delta Covid variant threatens global demand.

· FIIs net sellers Rs2199cr while DIIs net buyers Rs1048cr
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🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴a : 20 Jul/आषाढ मास(Tuesday) ग्रीष्म ऋतू {शुक्ल पक्ष}*🙏🏻
╰───────────────────╯

*Today's top News* ➣➣➣➣➣➣➣➣➣➣➣➣➣

1. Monsoon Session of Parliament begins yesterday (19 Jul). As Speaker Birla started making obituary references, the House also paid tributes to 40 former members who passed away in recent months, the largest in the history of the Indian Parliamant.

2. Over 41 crore doses of COVID vaccine administered so far in India, COVID-19 recovery rate stands at 97.32%; Union Health Ministry report.

3. The Govt on 19 Jul (Monday) announced the launch of National Logistics Excellence Awards to turn the spotlight on the logistics sector. The Awards will give due recognition to various players involved in the logistics supply chain. The awards are in 2 categories, the 1st group includes logistics infrastructure & service providers and 2nd one is for various user industries.

4. Heavy rain lashes several parts of Delhi NCR. India Meteorological Department has predicted heavy to very heavy rainfall at a few places in Mumbai.

5. Republican Party of India (RPI) cheif Ramdas Athawale requested the Maharashtra govt to ease COVID norms & announce relaxations for the Bakrid festival which will be celebrated on 21 Jul (depends upon Moon).

6. Union govt has approved new rules that would allow equal value infrastructure (EVI) development for armed forces in return for the land procured from them for public projects or other non-military activities.

7. Ministry of Defence (MoD) said that defence land needed for major public projects, like building of metro, roads, railways, and flyovers could only be exchanged for land of equivalent value, or after payment of market prices.

8. Manipur-based activist Leichombam Erendro, who was booked under National Security Act for criticising BJP leaders on use of cow dung & urine as cures for COVID-19, was released on 19 Jul following the Supreme Court directions.

9. Kerala Police launched a new initiative called the 'Pink Protection' project for the protection of women in public, private and digital spaces. It's aims to prevent dowry-related issues, cyberbullying and humiliation in public place.

10. The Telugu Desam Party (TDP) National President & former CM of Andhra Pradesh N Chandrababu Naidu appointed Bakkani Narasimhulu as the new president of the Telangana TDP President.

11. In Jammu & Kashmir, two terrorists were killed in an encounter with security forces in Check Sadiq Khan area of Shopian district.

12. Mumbai cops arrest Bollywood actress Shilpa Shetty's husband Raj Kundra a Businessman in a case related to alleged creation of pornographic films & publishing them through some apps.

13. Indian Army will close the registration portal of women military police recruitment on 20 Jul 2021. A total of 100 vacancies will be filled in the women military police in soldier general duty post. The application forms are available on the official website of the Indian Army.

*INTERNATIONAL NEWS*

1. Spyware Pegasus issue: The Pegasus spyware is one of the most chosen tools for “total surveillance". India's parliament has begun a new session on Monday amid allegations that spyware from an Israeli firm was used to hack phones of MPs, businessmen & journalists. Leader of Opposition in Rajya Sabha Mallikarjun Kharge alleged the govt has not only attacked freedom of speech, but also the fundamental rights of people including of judges, journalists, opposition leaders, ministers and activists.

2. The Congress also asked a set of questions to the PM including as to why Home Minister Shah, the in-charge of the country's internal security, should not be sacked immediately.

3. France to allow travellers vaccinated with Covishield produced by the Serum Institute of India and developed by AstraZeneca and Oxford University.

4. Indian warship INS Tabar was part of a two-day exercise with French frigate FNS Aquitaine and four Rafale fighter aircraft of the French Navy in the Bay of Biscay last week July 15 and 16 Jul,.
🌎 *WORLD NEWS* 🌍

1. Thirty people killed, 74 injured in road accident in Pakistan; the accident occurred when a bus was in collision with a container truck in Dera Ghazi Khan district.

2. Two dams storage capacity of 46 million cubic metres, collapse in China’s Inner Mongolia region after torrential rain, more than 16000 affected, 21,700 hectares of farmlands flooded.

3. United Arab Emirates, sweeping COVID-19 safety measures will come into effect in the capital Abu Dhabi from 19 Jul, the first day of the Eid-Al-Adha break. Abu Dhabi will observe overnight lockdown as part of a sterilisation programme for fighting COVID-19, nightly lockdown from 12 A.M. to 5 A.M. The emirate will restrict public movement even as the rest of the country remains open for tourism.

4. Diplomatic missions in Afghanistan urged the Taliban on July 19 (Monday) to halt their military offensives in the country. 15 missions, the EU delegation & the NATO representative in Kabul made the call in a joint statement, saying they are at odds with claims that the militant group wants a negotiated settlement to end the conflict.

5. Afghanistan announced that it was withdrawing all its ambassadors & diplomats from Pakistan's capital Islamabad in the aftermath of the kidnap & assault of the Afghan envoy to Pakistan Najibullah Alikhil’s daughter last week.

🚣🚴🏇🏁🏊 *Sports:*

1. India to take on Sri Lanka in the 2nd ODI of the three match series at R. Premadasa Stadium in Colombo today. The match is scheduled to begin at 3 p.m

2. India vs Sri Lanka, 1st ODI Highlights: India has defeated Sri Lanka by seven wickets in the first ODI to take a 1-0 lead in the series. India chased Sri Lanka's target of 263 runs with ease as captain Dhawan stayed unbeaten on 86.

3. Indian Men's Football Team Coach Igor Stimac Gets Contract Extension Till September 2022. He will remain the head coach.

 *USD 74.99 💷GBP 102.52*
_Chennai (TN)_
🥇 *Gold ₹49,660©10 gm 24 (Krt)*
🥈 *Silver ₹72,900©Kg*
*Petrol ₹ 102.49*
*Diesel ₹ 94.39*
*LPG : ₹ 851/14.2 Kg*

*BSE Sensex* 52,553.40
*NIFTY* : 15,752.40

Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 *Facts about India* 🇮🇳

*Early forms of chess originated in India around the 6th century AD* . It known as chaturaṅga, literally four divisions [of the military] – infantry, cavalry, elephants, and chariotry ─ represented by pieces which would later evolve into the modern pawn, knight, bishop, and rook, respectively. Chaturanga is first known from the Gupta Empire in India around the 6th century CE. In the 7th century, it was adopted as chatrang (shatranj) in Sassanid Persia, which in turn was the form of chess brought to late-medieval Europe. Archeological remains from 2000-3000 B.C have been found from the city of Lothal (of the Indus Valley Civilisation) of pieces on a board that resemble chess.

Wilhelm Steinitz, the first World Champion, widely considered the "father of modern chess," William Steinitz was an Austrian and later American chess player, and the first official World Chess Champion, from 1886 to 1894.

😀Thought of the day

Anger comes alone but takes away all the good qualities from us. Patience too comes alone but brings all good qualities to us. Choice is our's.

Joke of the day

पप्पू - मां और बीवी में सबसे बड़ा फर्क क्या है?

गप्पू - पता नहीं, तुम बताओ।

पप्पू - मां बोलना सिखाती है और बीवी चुप रहना

😳Why

Science behind Throwing Coins into the River/water

scientifically, in the ancient times, most of the currency used was made of copper unlike the stainless steel coins of today. Copper is a vital metal very useful to the human body. Throwing coins in the river was one way our fore-fathers ensured we intake sufficient copper as part of the water as rivers were the only source of drinking water. This water also keeps our body healthy and free from disease's, Making it a custom ensured that all of us follow the practice.

But now a days people throw coins made by steel in water, not knowing why they are doing it🤦🏻‍♂️🙏🏻

LEARN Sanskrit🙏🏻

विस्मरण : Oblivion
भूल जाना
🤔 How it works

Honeycombs🐝🐝 are made from beeswax, a substance created by worker bees. When the temperature is right, worker bees secrete wax scales from special glands in their body. Then they chew the wax with a bit of honey and pollen to produce the beeswax.

Why do honeybees use hexagonal shapes to construct their honeycombs?

Hexagons are useful shapes. They can hold the queen bee's eggs and store the pollen and honey the worker bees bring to the hive. When you think about it, making circles wouldn't work too well. It would leave gaps in the honeycomb

Honey provides bees with the energy they need to survive and reproduce, as well as to build their homes. In order to make enough wax, worker bees need a lot of energy, and must therefore consume a lot of honey.

On average, each bee can produce about 1/12 of a teaspoon of honey in its lifetime. If a bee were to provide one pound of honey, it would need to visit about 2 million flowers. A whole colony may travel about 55,000 miles in its lifetime!

Honey include ascorbic acid, pantothenic acid, niacin and riboflavin; along with minerals such as calcium, copper, iron, magnesium, manganese, phosphorus, potassium and zinc.

💁🏻‍♂️ GK TODAY

*20 July - International Chess Day*

It is observed on 20 July to honour the foundation of the Federation Internationale des Eches (FIDES).

*GM Magnus Carlsen* is the current world chess champion. He is a Norwegian chess grandmaster

*Viswanathan Anand* is an Indian chess grandmaster & former world chess champion. He became the first grandmaster from India in 1988,

*BORN TODAY* 💐🐣

*Arunima Sinha*
(20-Jul-1988, Ambedkar Nagar district, Uttar Pradesh) is the World's first female amputee to climb Mount Everest is an Indian mountain climber & sportswoman.
She is a seven time Indian volley ball player, mountaineer and the World's first female amputee to scale Mount Everest, Mount Kilimanjaro (South Africa), Mount Elbrus (Russia), Mount Kosciusko (Australia), Mount Aconcagua (South America), Carstensz Pyramid (Indonesia) and Mount Vinson. She was pushed from a running train by some robbers in 2011 while she was resisting them. As a result, her left leg had to be amputated below the knee, rod's in right leg and multiple fractures in spinal cord.Her aim was to climb each of the continents' highest peaks and hoist the national flag of India.

🛕 *VEDIC GYAN*

Why is half round (Pradakshina) made around the Shiva linga?

According to Shivpuran, only a half-parikrama of Shivalinga should be carried out. This is because Shiva is Anadi and Anant himself. It’s said that Shiva’s Shakti is so fierce that none could ever interfere or come in the line of it. Nirmili is a sacred part of the Shivling and must never be over-stepped. Therefore, it is advised to only perform half-parikrama of Shivlinga to avoid stepping over the Nirmili.

By Somasutra is meant the Half Moon like curve that is traced out in the process.

🧬 *HEALTH CARE:© HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

Burns . Honey has been used as a salve to heal burns

Memory : honey can improve both short- and long-term memory

Diabetes : Honey has a lower glycemic index than sugar, which means it won’t spike your blood sugar levels the way sugar will.

Hemorrhoids cause itching and pain in the anus, as well as blood in the stool. They are never fun. If you’re looking for a home remedy, honey might fit the bill. A pilot study using a mixture of honey, olive oil, and beeswax as a topical treatment found that the mixture significantly reduced pain and itching, as well as bleeding

*Regards*

🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©YOUR FAMILY SAFE🌼
*Good Morning*  

India Opposition Says Modi Used Spyware on Rival Rahul Gandhi

Government denies all allegations of illegal surveillance

India’s $7 Billion BPCL Sale Said to Slow on Pandemic, LIC IPO

India Court Halts Billionaire Agarwal’s Plan to Acquire Videocon

Bank of Maharashtra leads challenge against steep haircut

India Top Court Reserves Order on Telcos’ Plea to Cut Past Dues

India Court to Hear Amazon Case Against Future Retail July 20

Billionaire Adani’s Firms Probed by Indian Market Regulato

India Exempts Importers of Pulses From Stockpile Limit Norms

India Ethanol Blending in Fuel Rises to 7.93% as of July 12

India Cumulative Monsoon Rainfall 6% Below Normal as of July 19

Assets in India’s ESG Funds Jump 184% In Past Year: Morningstar

Emerging Market ETF Inflows $1.24 Bln, Led by China/Hong Kong

Global Funds Sell Net INR22B of India Stocks on Monday: NSE

Domestic funds Buy net 10.5b rupees of stocks

Foreign Investors Sell Net INR4.24B of India Equities on July 16

Foreigners Sell Net INR59.3B of Indian Equity Derivatives Monday

ACC (ACC): 2Q net income 5.34b rupees vs. 2.68b y/y, beats est. 4.52b; revenue +49% y/y to 38.85b

City Union Bank (CUBK): Approves raising capital through QIP of INR5b

HCL Technologies (HCLT): 1Q net income +9.6% to 32.1b rupees, misses est. 32.45b; revenue +13% y/y to 200.7b

HCL Technologies Appoints Shiv Nadar as Chairman Emeritus

Nippon Life India AM (NAM): 1Q net income +16% y/y to 1.81b rupees, beats est. 1.74b; Revenue +30% y/y to 3.02b

Zen Technologies (ZEN): Gets 1.2b rupees export order

 
*SGX Nifty -50 pts (15711) from last trade 15761 ,*


Nikkei -217 pts ,
Hangseng -94 pts ,
Now @6.5)am .


Dow -725.81 pts ,Nsdq -152.25 pts, S&P
-68.67 pts, Bovespa -1565 pts , Ftse -163 pts  , Dax -407 pts , Cac -164 pts , Crude @ $66.94 brl (+0.52), Brent @ $69.02 brl (+0.41) , Gold @ 1812.70 (+3.40), Silver @ $25.235 (+0.09), Euro @ $1.1796, JPY @ $109.49,  INR @ 74.855







*Today's Corporate Action*
*20th  Jul Ex Date*




BLUEDART
Final Dividend - Rs. - 15.0000
BOMOXY-B1
Final Dividend - Rs. - 20.0000
DEEPAKNI
Dividend - Rs. - 4.5000
DEEPAKNI
Special Dividend - Rs. - 1.0000
GESHIP
Final Dividend - Rs. - 9.0000
HITECHCORP
Dividend - Rs. - 1.0000
IMFA
Final Dividend - Rs. - 7.0000
IPRINGLTD
Dividend - Rs. - 1.5000
JYOTHYLAB
Dividend - Rs. - 4.0000
LALPATHLAB
Final Dividend - Rs. - 8.0000
ORIENTELEC
Final Dividend - Rs. - 1.2500
SAINTGOBAIN
Final Dividend - Rs. - 1.0000
SHARDACROP
Final Dividend - Rs. - 3.0000
SHRIRAMCIT
Final Dividend - Rs. - 13.0000
TCIEXP
Final Dividend - Rs. - 2.0000
TIAANC
Bonus issue 59:10




*Today's Key Results/Board Meetings*
*20-Jul-21*



ADHARSHILA
Quarterly Results
ASIANPAINT
Quarterly Results
ASL
Quarterly Results;A.G.M.
ASRL
Quarterly Results;General
AXELPOLY
Quarterly Results
BAJFINANCE
Quarterly Results
CEETAIN
General
CRISIL
Interim Dividend;Quarterly Results
CSL
Quarterly Results
DCMSHRIRAM
Quarterly Results
ELANGO
Quarterly Results;A.G.M.;Increase in Authorised Capital;Preferential Issue of shares
GKP
General;Bonus issue
GPL
Audited Results
ICICIPRULI
Quarterly Results
INDITALIA
Quarterly Results
INTEGRAEN
Quarterly Results
ISEC
Quarterly Results
ITDC
Dividend;Audited Results
JSWISPL
Quarterly Results
JUBLINGREA
Quarterly Results
KOHINOOR
General;Dividend;Audited Results
LESHAIND
Quarterly Results
MANORG
Quarterly Results;A.G.M.
MOLDTEK
General
MOSCHIP
Quarterly Results;A.G.M.
NATIONSTD
Quarterly Results
NETWORK18
Quarterly Results
NEWGEN
Quarterly Results
PIONDIST
General
RIIL
Quarterly Results
RML
Quarterly Results
SDBL
Rights Issue;Preferential Issue of shares
SEL
Quarterly Results
SHYAMMETL
Quarterly Results
SOTL
General
SVPGLOB
Quarterly Results
SYNGENE
Quarterly Results
TIRUMALCHM
Quarterly Results
TV18BRDCST
Quarterly Results
WARDINMOBI
General;A.G.M.



*Stock under F&O ban on NSE*
*20-Jul-21*



1CADILAHC

2IBULHSGFIN

3NATIONALUM

4NMDC

5PNB

6SAIL

7SUNTV
HCL Technologies Ltd. Concall Update
(Nirmal Bang Retail Research)
*Outlook – Positive*
*Maintained guidance, Revenue expected to grow in double digits in constant currency for FY’22. EBIT margin expected to be between 19.0% and 21.0% for FY’22. Management indicates Q2 will be better and Growth in H2 to be better than H1.*
• Q1 TCV of New Deal wins came at US$ 1,664 mn (+37% YoY) growth was enabled by 8 Large Services deal wins and 4 significant product wins
• CC QoQ came at 0.7% ,Dollar revenue came at $ 2719.6 Mn(0.9% QoQ, 15.5% YoY)
• On geographical front , America and ROW posted good growth, Europe had a dip however booking in Europe remains healthy
• EBIT Margin dipped by 77 bps and came at 19.6%, Forex led to improvement of 19 bps higher amortisation which was present last quarter led to improvement of 60 bps which was impacted by pandemic by 90 bps ( impact on revenue -20 bps, leave cost – 25bps , covid support cost 45 bps) hiring led to impact of 35 bps, investment in new market and higher R&D spend impacted margins by 30 bps
• Total headcount at 176,499 with strong net Addition of 7,522 during the quarter
• Adj. PAT came at Rs. 3215 Cr
• Quarter EPS is Rs. 11.8
• Stock is trading at P/E of 17.4x FY23E EPS
*Jindal SAW Ltd* has decreased pellet offers by INR 800/t ($11) m-o-m. The current offer for Fe 63% pellet stands at INR 16,200/t
Zen Technologies Limited has been awarded a ~ ₹120-crore export contract. The simulators are the main focus of the order. The order will be carried out in roughly a year. In the face of stiff worldwide competition from multinational corporations, Positive
*Supreme Petrochem Ltd.* | *CMP* Rs. 754 | *M Cap* Rs. 7089 Cr | *52 W H/L* 820/175
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 1047.8 Cr (-17.4% QoQ, 258.5% YoY) vs QoQ Rs. 1269.1 Cr, YoY Rs. 292.3 Cr
EBIDTA came at Rs. 197.4 Cr (-37.6% QoQ, -6295.1% YoY) vs QoQ Rs. 316.4 Cr, YoY Rs. -3.2 Cr
EBITDA Margin came at 18.8% vs QoQ 24.9%, YoY -1.1%
Adj. PAT came at Rs. 146.3 Cr vs QoQ Rs. 231.7 Cr, YoY Rs. -11.9 Cr
Quarter EPS is Rs. 15.6
Share is trading at P/E of 11.2x TTM EPS
Bulk Deal as on 19-07-21

Bajaj Hindustan Sugar
+ 90 Lk @ 18.20 Chetan Rasiklal Shah
+ 59.93 Lk @ 18.20 TopGain Finance Pvt Ltd

Clean Science & Technology
+ 10 Lk @ 1715.33 Nomura India Investment Fund

Emmbi Industries Ltd
- 1 Lk @ 118.8 Zen Securities Ltd

GR Infraprojects
+ 5 Lk @ 1714.6 The Nomura Trust & Banking


Just Dial
- 8.85 Lk @ 1041.15 Tree Line Asia Master Fund (Singapore) Pte Ltd

Pioneer Embroideries
- 2 Lk @ 62.21 Shreeji Capital & Finance Ltd

Vishwaraj Sugar Ind Ltd
+ 2.32 Lk @ 142 TCG Funds Fund
- 1.96 Lk @ 142.01 Basavaraj Channappa Mahasetti
MAHANAGAR GAS: MUTUAL FUNDS INCREASED ITS STAKE 1.13% IN CO DURING Q1 || LIC INCREASED ITS STAKE 0.60% IN CO DURING Q1
OBEROI REALTY: MUTUAL FUNDS INCREASED 0.25% IN CO DURING Q1 || FPI REDUCE ITS STAKE 0.75% IN CO DURING Q1
3I INFOTECH: FINANCIAL INSTITUTIONS REDUCE ITS STAKE FROM 21.81% TO 13.96% IN CO DURING Q1 INDIVIDUAL INVESTOR REDUCE ITS STAKE 0.70% IN CO DURING Q1
VENKY'S (INDIA): INDIVIDUAL INVESTOR SACHIN BANSAL ACQUIRE 1.31% IN CO DURING Q1
LIC HOUSING FINANCE: MUTUAL FUNDS REDUCE ITS STAKE 1% IN CO DURING Q1 || FPI INCREASE ITS STAKE 0.60% IN CO DURING Q1
DR. LAL PATHLABS: MUTUAL FUNDS REDUCE 0.80% STAKE IN CO DURING Q1
ASHOK LEYLAND: MUTUAL FUNDS INCREASED ITS STAKE 1.20% IN CO DURING Q1 || FPI REDUCE ITS STAKE 1% IN CO DURING Q1
JINDAL POLY FILMS: INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STR ACQUIRE 1.28% STAKE IN CO DURING Q1